Tesla Sinks Bitcoin

Tesla will not accept Bitcoin as Transaction

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As Tesla Shrugs off Bitcoin, Stock price is dropping

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Elon Mask, in a Tweet of May 12, shares that the Tesla will not accept Bitcoin as a transaction. It refers that customers of Tesla vehicles can no longer make transactions with Bitcoin. Bitcoin is a digital currency that functions as peer to peer electronic transactions.

Photo by André François McKenzie on Unsplash

Well, the suspension of Bitcoin’s use is not permanent in nature. Despite such indication in Elon Mask’s Tweet, the price of the world’s popular cryptocurrency has plummeted to five per cent. There has been a speculation that the price might plunge to 15 per cent by May 15.

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Banning for Long Term?